With immediate effect the Danish J. Poulsen Shipping A/S, Korsoer, Denmark joins forces with the HBC Group located in Singapore and Hamburg.

The cooperation enables the parties to jointly execute current opportunities on a short-term basis for both market and fleet activities. On a long-term basis, the agreement between the parties may lead to a full merger.

“HBC has no particular experience with project cargo”, says Jens von Husen, cofounder and Managing Director at HBC Hamburg office. “However, through numerous industry talks it has become clear that the MPP and bulk markets are intertwined. Considering the strong market presence of the Poulsen corporation we are excited about this development”, so von Husen.

“Even after years of tumultuous markets, the German shipping industry still controls the majority of MPP vessels. Furthermore, the German shipping industry is rather much a closed shop. For a Danish operator it is therefore of fundamental importance to have a reliable and long-term partner who is an insider of the German maritime industry. Having known the HBC founders personally for decades, this is a natural step for us” so Anders Poulsen. Anders Poulsen continues at the helm as CEO for J. Poulsen A/S.

HBC Group is a global provider of ocean-going transport for bulk commodities with direct access to the beneficial cargo owners. HBC provides a commercial and technical management expertise. The owner-operated group was founded 1999 and is located in Singapore and Hamburg. HBC Group holds freight contracts of 4-6m tons of bulk cargo per year and has an average of 15-20 vessels in ownership and on T/C as well as vessels under commercial and technical management.